{"id":11382,"date":"2019-09-21T12:15:28","date_gmt":"2019-09-21T19:15:28","guid":{"rendered":"https:\/\/ftllp.net\/?p=11382"},"modified":"2024-11-01T19:05:30","modified_gmt":"2024-11-02T02:05:30","slug":"even-in-death-michael-jacksons-estate-made-2-3-billion","status":"publish","type":"post","link":"https:\/\/dev.creativespikedigital.com\/lftc\/news\/entertainment\/even-in-death-michael-jacksons-estate-made-2-3-billion\/","title":{"rendered":"Even in death, Michael Jackson&#8217;s estate made $2.3 billion"},"content":{"rendered":"\n<p>His team of executors and lawyers also got him out of US$500 million worth of debt after his death 10 years ago.<\/p>\n\n\n\n<p>Michael Jackson may have died 10 years ago but his estate is well and alive. In fact, it \u201cgenerated gross earnings exceeding 1.7 billion dollar\u201d or S$2.3 billion as of Dec 31, 2018, according to legal documents filed with the LA County Court.<br><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large is-layout-flow wp-block-quote-is-layout-flow\"><p>The estate consists of some of the best in the business including attorney Howard Weitzman, executors John Branca and John McClain, and <a href=\"https:\/\/dev.creativespikedigital.com\/lftc\/attorneys\/bryan-j-freedman\/\">lawyer Bryan Freedman<\/a>, who handled issues like the Leaving Neverland documentary battle.<\/p><cite>CNA<\/cite><\/blockquote>\n\n\n\n<p>&#8220;With the assistance of their counsel, the Executors have successfully rebuilt and enhanced Michael Jackson\u2019s image, solidified the MJJ business as a significant entity in the entertainment industry, entered into and continue to enter into unprecedented business deals that have produced, and will in the future produce, significant revenues for the Estate,&#8221; his team of executors and lawyers wrote in the filing.<\/p>\n\n\n\n<p>The estate consists of some of the best in the business including attorney Howard Weitzman, executors John Branca and John McClain, and <a href=\"https:\/\/dev.creativespikedigital.com\/lftc\/attorneys\/bryan-j-freedman\/\">lawyer Bryan Freedman<\/a>, who handled issues like the Leaving Neverland documentary battle.<br><\/p>\n\n\n\n<p>Jackson\u2019s new business deals consist of the Cirque du Soleil show on the Las Vegas strip. Other major businesses include his holdings in EMI, which the estate has sold for over US$287 million (S$395 million) as well as Mijac Music, which owns publishing rights to all the songs written by the singer and other iconic ones purchased by him, including some of Ray Charles\u2019 and Elvis Presley\u2019s hits.<br><\/p>\n\n\n\n<p>MJ also owned several properties, along with several Rolls Royces and a ton of memorabilia.<br><\/p>\n\n\n\n<p>At the time of his death, Jackson owed more than US$500 million, with \u201csome debt in default (the mortgage, and utilities on Havenhurst had been unpaid for several months),&#8221; his team reminded the court in their filing.<\/p>\n\n\n\n<p>The accounting takes into consideration the handling of MJ\u2019s children\u2019s needs such as rent, college tuition and everyday expenses, along with assets still owned by the Jackson family.<br><\/p>\n\n\n\n<p>The pop singer\u2019s fortune was left to his three children, Prince, Paris, Blanket as well as his mother Katherine.<\/p>\n\n\n\n<p><br>Source: CNA\/bk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>His team of executors and lawyers also got him out of US$500 million worth of debt after his death 10 years ago. Michael Jackson may have died 10 years ago but his estate is well and alive. In fact, it \u201cgenerated gross earnings exceeding 1.7 billion dollar\u201d or S$2.3 billion as of Dec 31, 2018, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":41536,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[104,462,100,121,118],"tags":[244,243],"class_list":["post-11382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bryan-j-freedman","category-channel-news-asia","category-entertainment","category-michael-jackson-estate","category-music","tag-howard-weitzman","tag-john-branca"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v23.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Even in death, Michael Jackson&#039;s estate made $2.3 billion - Liner Freedman Taitelman + Cooley LLP<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Even in death, Michael Jackson&#039;s estate made $2.3 billion\" \/>\n<meta property=\"og:description\" content=\"His team of executors and lawyers also got him out of US$500 million worth of debt after his death 10 years ago. Michael Jackson may have died 10 years ago but his estate is well and alive. In fact, it \u201cgenerated gross earnings exceeding 1.7 billion dollar\u201d or S$2.3 billion as of Dec 31, 2018, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.creativespikedigital.com\/lftc\/news\/entertainment\/even-in-death-michael-jacksons-estate-made-2-3-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Liner Freedman Taitelman + Cooley LLP\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-21T19:15:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-02T02:05:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dev.creativespikedigital.com\/lftc\/wp-content\/uploads\/2024\/10\/Image-Not-Available-Coming-Soon-1500x1000-b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lftc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"lftc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/dev.creativespikedigital.com\/lftc\/news\/entertainment\/even-in-death-michael-jacksons-estate-made-2-3-billion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/dev.creativespikedigital.com\/lftc\/news\/entertainment\/even-in-death-michael-jacksons-estate-made-2-3-billion\/\"},\"author\":{\"name\":\"lftc\",\"@id\":\"https:\/\/dev.creativespikedigital.com\/lftc\/#\/schema\/person\/12344f9fda75728f8a6a32e25118320a\"},\"headline\":\"Even in death, Michael Jackson&#8217;s estate made $2.3 billion\",\"datePublished\":\"2019-09-21T19:15:28+00:00\",\"dateModified\":\"2024-11-02T02:05:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/dev.creativespikedigital.com\/lftc\/news\/entertainment\/even-in-death-michael-jacksons-estate-made-2-3-billion\/\"},\"wordCount\":376,\"publisher\":{\"@id\":\"https:\/\/dev.creativespikedigital.com\/lftc\/#organization\"},\"image\":{\"@id\":\"https:\/\/dev.creativespikedigital.com\/lftc\/news\/entertainment\/even-in-death-michael-jacksons-estate-made-2-3-billion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/dev.creativespikedigital.com\/lftc\/wp-content\/uploads\/2024\/10\/Image-Not-Available-Coming-Soon-1500x1000-b.jpg\",\"keywords\":[\"Howard Weitzman\",\"John Branca\"],\"articleSection\":[\"Bryan Freedman\",\"Channel News Asia\",\"Entertainment\",\"Michael Jackson Estate\",\"Music\"],\"inLanguage\":\"en\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dev.creativespikedigital.com\/lftc\/news\/entertainment\/even-in-death-michael-jacksons-estate-made-2-3-billion\/\",\"url\":\"https:\/\/dev.creativespikedigital.com\/lftc\/news\/entertainment\/even-in-death-michael-jacksons-estate-made-2-3-billion\/\",\"name\":\"Even in death, Michael Jackson's estate made $2.3 billion - 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